Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1012 Baldwin Ave Marion, IN 46952-2538

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1012 Baldwin Ave Marion, IN 46952-2538

    View on Map
    • Parking lots & garages
    • 8,148 SF
    • 0.49 lot acres
    Off-Market
    Last Sale Aug 12, 2024
    Property ID
    US31-1952159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1012 Baldwin Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    8,148 SF
    Property type
    Parking lots & garages
    APN
    27-03-36-404-023.000-023
    APU
    270336404023000023

    Description

    This exceptional 1.07-acre commercial land parcel, located at 1012 N Baldwin Avenue in Marion, Indiana, presents a unique investment opportunity. The property boasts a substantial 46,609 square feet of potential development space, ideal for a variety of commercial uses. Its prime location directly in front of a hotel offers significant visibility and accessibility, making it particularly well-suited for a restaurant or other businesses that benefit from high foot traffic and convenient access. The property is zoned for commercial use (specific zoning details should be verified independently). The asking price for this strategically located land is $350,000. Given its size, location, and potential, this property represents a compelling investment opportunity in a growing Indiana market. The address is 1012 N Baldwin Avenue, Marion, IN 46952, situated in Grant County. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a significant commercial land parcel in a high-traffic area with excellent potential for future development and strong return on investment. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.6754
    Latitude
    40.5694
    CBSA code
    31980
    CBSA name
    MARION, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,505
    $81,500
    $2,000
    $83,500
    -
    $81,500
    $2,000
    $83,500

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      507 Washington St

      PARKING GARAGE, PARKING STRUCTURE • 0.27 Acres
      507 Washington St, Marion, IN 46952
      View Details
    • Value Estimation by Request
      0.15 Acres

      101 Washington St

      PARKING LOT • 0.15 Acres
      101 Washington St, Marion, IN 46952-2809
      View Details
    • Value Estimation
      $725,000
      28,680 SF

      1412 Kem Rd

      PARKING LOT • 28,680 SF
      1412 Kem Rd, Marion, IN 46952-1857
      View Details
    • Value Estimation by Request
      0.33 Acres

      816 Baldwin Ave

      PARKING LOT • 0.33 Acres
      816 Baldwin Ave, Marion, IN 46952-2542
      View Details
    • Value Estimation by Request
      0.13 Acres

      506 Boots St

      PARKING LOT • 0.13 Acres
      506 Boots St, Marion, IN 46952
      View Details
    • Value Estimation by Request
      0.19 Acres

      Branson St

      PARKING LOT • 0.19 Acres
      Branson St, Marion, IN 46952
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Marion, Indiana.
      1013 N Forest Ave, Marion, IN 46952
      View Details
    • $94,900
      0.20 Acres

      High Traffic Location Office Building

      Professional office building with high visibility and ample parking.
      1328 W 2Nd St, Marion, IN 46952
      View Details
    • Contact for pricing
      10,600 SF

      Retail/Office Building For Sale

      83% occupied retail/office building with leases in place.
      1001 N Western Ave, Marion, IN 46952
      View Details
    • $50,000
      5.00 Acres

      Residential Land in Marion, Indiana

      Approximately 5 acres of wooded land, suitable for building.
      200 E 200 S, Marion, IN 46952
      View Details
    • $404,225
      42.55 Acres

      Marion Agricultural Land For Sale

      42.55 acre agricultural land ideal for farming and recreation.
      1700 E Bradford Pike, Marion, IN 46952
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Restaurant or Retail Opportunity

      6,705 SF freestanding restaurant or retail opportunity in Marion, Indiana.
      1510 W Braewick Dr, Marion, IN 46952
      View Details
    • Contact for pricing
      672 SF

      Drive-Thru Restaurant Opportunity

      672 SF retail space with drive-thru potential for lease.
      702 S Baldwin Ave, Marion, IN 46952
      View Details
    • Contact for pricing

      Retail Space at Five Points Mall

      Prime retail space available in Marion, Indiana's Five Points Mall.
      1128 N Baldwin Ave, Marion, IN 46952
      View Details
    • Contact for pricing
      2,196 SF

      Waterfront Office Park Office Space

      Multi-tenant building in Marion's historic Riverwalk District.
      321-325 East 2Nd St, Marion, IN 46952
      View Details
    • $1,375 /Mo
      1,758 SF

      Marion Office Space For Rent

      Well-maintained office space with bypass frontage in Marion, Indiana.
      1125 N Baldwin Ave, Marion, IN 46952
      View Details
    • Contact for pricing
      15,660 SF

      Industrial Flex Space For Lease

      Turnkey industrial flex space with warehouse and office areas.
      1804 W 2Nd St, Marion, IN 46952
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1012 Baldwin Ave
    Marion, IN 46952-2538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!